For the main upward wave, the more it rises, the more everyone fears, afraid of being buried by a market pullback. If next year the "distributed interest rate cuts" support above 100,000 for several months or even half a year, people will no longer be afraid.
Last year was the same.
When Bitcoin broke through 32,000 and rose to 73,000, everyone was very, very afraid during this main upward wave process. They were always afraid of being buried by a pullback, and when Bitcoin oscillated between 60,000 and 70,000 for half a year, people were no longer afraid.
The market goes against human nature in that:
A high price does not mean it will crash tomorrow; it can stay at high levels for a long time, even higher. Long enough for everyone to get used to it, no longer afraid of that price, until they surrender and it turns down.
A low price does not mean it will rise tomorrow; it can stay at the bottom for a long time, long enough for everyone to despair, until they surrender and it turns up.
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